About Powered Surgical Instruments
Powered surgical instruments are the tools designed specifically to perform cutting, dissecting, holding, reaming, sawing, grasping, drilling and assist many other surgical procedures. These powered surgical instruments are powered by electric power source, battery power source and air /nitrogen powered (pneumatic power). Increasing in prevalence of chronic disorders, increasing number of surgery procedures in areas including orthopedic, ENT, spine, plastic, ophthalmic, dental and thoracic surgeries spur the powered surgical instrument market growth.
Technavio’s analysts forecast the global powered surgical instruments market to grow at a CAGR of 3.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global powered surgical instruments market for 2017-2021. To calculate the market size, the report considers the revenue generated for the powered surgical instruments.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Powered Surgical Instruments Market 2017-2021
Technavio recognizes the following companies as the key players in the global powered surgical instruments market: CONMED, DePuy Synthes, Medtronic, Stryker, and Zimmer Biomet.
Other Prominent Vendors in the market are: adeor medical, AlloTech, Apothecaries Sundries, Arthrex, B. Braun Mesne, De Soutter Medical, ERMIS MedTech, Exactech, KLS Martin, McGinley Orthopaedic Innovations, MEDICMICRO, MicroAire Surgical Instruments, Nouvag, Pro-Dex, RIMEC, Shanghai Bojin Medical Instrument, Si Us INSTRUMENTS, Smith & Nephew, STARS MEDICAL DEVICES, Surtex Instruments, and Tava Surgical.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing technological advancements fuel the market growth. Currently, surgical procedures are evolving rapidly within a highly technical healthcare environment. The global powered surgical instruments market is witnessing transformative and innovate advances especially in terms of design, compactness, and performance. Vendors are focusing on developing efficient devices that are less invasive.”
According to the report, one of the major drivers for this market is Growing demand for MI surgical techniques. Owing to technological advances in surgery procedures the market is witnessing paradigm shift towards less invasive procedures which is driven by potential benefits for healthcare economies. There is a rapid shift from conventional traditional surgery which often require large incision and significant trauma to soft tissues, which are present in surrounding areas of the defect/ injury. MI surgery attempts to both minimize the trauma with small incisions and accomplishing same surgical goal. These MI techniques are used to treat many surgeries, including complex spine surgeries, orthopedic procedures, ENT surgeries, neurosurgeries, and many other surgeries.
Further, the report states that one of the major factors hindering the growth of this market is Risks/complications associated with powered surgical instruments. Though powered surgical instruments are being widely used in today's surgical procedures there are some potential risks/ complications associated with these instruments which will pose a challenge for powered surgical instruments market.
CONMED, DePuy Synthes, Medtronic, Stryker, Zimmer Biomet, adeor medical, AlloTech, Apothecaries Sundries, Arthrex, B. Braun Mesne, De Soutter Medical, ERMIS MedTech, Exactech, KLS Martin, McGinley Orthopaedic Innovations, MEDICMICRO, MicroAire Surgical Instruments, Nouvag, Pro-Dex, RIMEC, Shanghai Bojin Medical Instrument, Si Us INSTRUMENTS, Smith & Nephew, STARS MEDICAL DEVICES, Surtex Instruments, and Tava Surgical.
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